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Trend Results : Charles Hugh

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Who Benefits When Bubbles Burst?

Submitted by Charles Hugh Smith from Of Two Minds Who Benefits When Bubbles Burst? Blowing speculative bubbles cannot possibly lead to organic growth because speculative bubbles fatally undermine the real economy. An astute reader recently...Show More Summary

Labor and employment roundup

3 weeks agoIndustries / Law : Overlawyered

Senate Republicans make noises about reining in runaway EEOC [Roger Clegg, Senate minority staff report, Human Resource Executive Online] Yes, minimum wage increases hurt many low-skilled workers [NBER via Charles Hughes] “Women earn...Show More Summary

New Study Finds More Evidence of Poverty Traps in the Welfare System

Charles Hughes A new study from the Illinois Policy Institute analyzes the welfare benefits package available at different levels of earnings in that state. The authors find that low-income workers have limited economic incentive toShow More Summary

Charles Hugh Smith - We Just Enjoyed the Last Christmas in America (POSTPONED FROM 1975!!)

``Why will Christmas 2014 be the last Christmas in America? It's simple: declining wages cannot support an ever-expanding mountain of debt.''

Medicaid’s Access to Care Problems Persist and Will Get Worse Next Year

Charles Hughes Last week, Republican Governor Bill Haslam announced a plan to expand Medicaid in Tennessee. Republican governors in Wyoming and Utah have also put forward expansion plans in the past month. A recent Washington Post editorial...Show More Summary

Charles Hugh Smith: Central Banks Have Failed Because They Can't Push Wages Higher

``The game has been lost, but central bankers are still on the field, wandering around in disbelief that their unspeakable powers to issue money and credit have failed. You can print all the money you want, but it will never boost wages to keep up with prices. ''

New Study Finds Minimum Wage Increases Hurt Low-Skilled Workers

Charles Hughes A new working paper from the National Bureau of Economic Research finds that significant minimum wage increases can hurt the very people they are intended to help. Authors Jeffery Clemens and Michael Wither find that significant...Show More Summary

charles hugh smith: The Oil Price Head-Fake Disruption Ahead

``The price drop is a head-fake: it doesn't usher in a new era of permanently cheap oil. Rather, it unleashes dynamics that impair supply on multiple levels: geophysical, geopolitical, demographic and financial.''

Under Proposed Rules, Government Could Choose Insurance Plans for Millions of People

Charles Hughes The administration is considering a rule change that would allow the government to automatically change some people’s exchange plans to a cheaper alternative. HHS recently proposed regulations that would let exchanges offer alternative default options for enrollees. Show More Summary

Administration Drastically Lowers the Bar for Second Year of Enrollment

Charles Hughes Broken promises and lowered expectations littered the first year of the Affordable Care Act. When the law was being debated, Obama promised the law would cut health care premiums for a typical family by $2,500. Instead, premiums everywhere continued to rise, in some places they skyrocketed. Show More Summary

Weekday Wrap-Up: Wealth (Inequality) Effects, Deflationary Shocks, and the Housing Market

Charles Hugh Smith from says Fed policy and its direct influence on wealth inequality in the US has now become a mainstream issue; Russell Napier says to expect another deflationary shock in the next couple years followed by a massive reflation by China...

The Schizophrenia Tormenting Our Society & Economy

Submitted by Charles Hugh Smith via Peak Prosperity blog, What can popular television programs tell us about the zeitgeist (spirit of the age) of our culture and economy? It’s an interesting question, as all mass media both responds to and shapes our interpretations and explanations of changing times. Show More Summary

The Critical Difference Between Rentier Wealth And Wealth Creation

Submitted by Charles Hugh Smith from Of Two Minds The Critical Difference Between Rentier Wealth and Wealth Creation If you want to understand why our economy is stagnating and wealth inequality is rising, look at the rise of rentier skims and the resulting decline in wealth creation. Show More Summary

Colbert Proves Krauthammer Is a Bigger ‘Narcissist’ than Obama

4 months agoNews : Mediaite

Last week, psychiatrist turned conservative pundit Charles Krauthammer went on The Hugh Hewitt Show and diagnosed President Barack Obama as a “clearly a narcissist.”

Krauthammer Distorts Obama's Words To Declare Him A Napoleonic "Narcissist"

Fox contributor Charles Krauthammer declared on The Hugh Hewitt Show that President Obama is "clearly a narcissist," pointing to the president's use of the words "I" and "my." However, one example he provided is inaccurate while another was also used by Obama's predecessor, President George W. Show More Summary

Krauthammer: Obama Is a Narcissist ‘Surrounded by Sycophants’

4 months agoNews : Mediaite

Columnist Charles Krauthammer joined radio host Hugh Hewitt today to diagnose what he believes the problem is with President Obama: he's a narcissist who surrounds himself with yes-men.

Krauthammer: Obama a 'Narcissist,' 'Lives in a Cocoon'

Columnist Charles Krauthammer slammed President Obama for his self-obsession and for surrounding himself with “sycophants” in an interview set to broadcast on Monday’s “Hugh Hewitt Show.” “I decided when I left psychiatry never to use my authority. Show More Summary

Stocks Have Reached A Permanently High Plateau

Submitted by Charles Hugh Smith from Of Two Minds Stocks Have Reached a Permanently High Plateau A permanently high plateau of stock prices is a marvelous innovation. Somebody said this before, of course, but one glance at a chart of the S&P 500 tells us that stock prices have reached what looks like a permanently high plateau. Show More Summary

Is the $5 Bill the New $1 Bill?

From Charles Hugh Smith’s Of Two Minds blog: It’s starting to feel like a $5 bill is the new $1 bill: everything that could be purchased with one or two dollars not that long ago is now $5 or even $10. A few days ago I was enjoying the Butte County Fair in California’s farm […]

Years After the Recession, Welfare Rolls Hit New Highs

Charles Hughes New Census data shows that the number of households receiving welfare benefits hit a record high of almost 33.5 million in the fourth quarter of 2012. While part of the surge was due to the recession, the proportion receiving benefits has increased from 25.2 percent to 27.4 percent since the recession officially ended in June 2009. Show More Summary

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